Somaliland government publicly displaces five million USD signature bonus paid by DP World

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Monday January 02, 2017 - 21:13:48 in Wararkii u danbeeyay by Jama Ahmed
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    Somaliland government publicly displaces five million USD signature bonus paid by DP World

    Hargeisa- The Minister of Finance, Samsam Abdi Adan, along with the Central Bank governor publicized today that they have received five million US dollars of signature bonus from United Arab Emeritus owned company called Dubai Ports World (DP World).

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Officials displaying 5 million USD in a press conference
Hargeisa- The Minister of Finance, Samsam Abdi Adan, along with the Central Bank governor publicized today that they have received five million US dollars of signature bonus from United Arab Emeritus owned company called Dubai Ports World (DP World).

"The money is half of ten million US dollars signature bonus that was agreed DP World to pay. The other half is coming,” the Minister said, speaking in a press conference held at the Central Bank. "The money was sent through remittance company” she added.

The money was publicly displayed in a press conference.

In 2016, DP World was awarded a concession agreement to manage Berbera Port.

The government of Somaliland and DP World reached an agreement in which the management of Berbera port was transferred to UAE owned company. The government says that the deal will modernize Berbera port.

Critics questioned the process of awarding and the future of the employees of the port. People who opposed the deal including traditional leaders were arrested by the government.

According to the government, the company will invest the Port 442 million US dollars and will have 65% of the income.

DP world is UAE based company which operates multiple businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology.



About the author

Jama Ahmed Jama is the Editor-in-Chief of Somaliland Daily

contact:

editor@somalilanddaily.com


 



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